We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
We're aware that dates on the Forum are not currently showing correctly. Please bear with us while we get this fixed, and see Site feedback for updates.
A Question about retirement

Outeast1000
Posts: 116 Forumite

I work as a cleaner - caretaker and i am due to retire next March 2024 and claim my state pension . My employer has told me that i can keep on working with them after my retirement date if i want to that is of course if i am up to the job and can still do my job
My question is if i do keep on working after my retirement date and let us say in July or August i do not want to work anymore or am not able to work anymore can i then claim my state pension straight away ?
And on another note do i still have to pay NI contributions if i continue to work after retirement age ?
My question is if i do keep on working after my retirement date and let us say in July or August i do not want to work anymore or am not able to work anymore can i then claim my state pension straight away ?
And on another note do i still have to pay NI contributions if i continue to work after retirement age ?
0
Comments
-
You can either a) claim your state pension up to 11 months after your retirement date and get it backdated in a lump sum (no interest on this), or b) defer your state pension in 9 week blocks for as long as you like and you get an extra percentage point on your state pension for every 9 weeks you defer it by.
https://www.gov.uk/deferring-state-pension/what-you-get
Or C) you can claim straight away on your birthday and continue working still.
Either way you need to start the ball rolling a few weeks before you want to start claiming it. And if you choose option C your wages will be taxed if you earn above the annual personal allowance.1 -
The thing to watch out for is if you are eligible for any income related benefits. So if you have housing benefit for example you can continue to collect that if your income is below the relevant amount while you are working. But if you then claim your state pension your income will go up and you'll no longer be eligible. Worse still is if you are getting a benefit like this and you back date your SP you will then need to repay the benefit as you had too high an income even if it wasn't being paid at that time. (hope this makes sense but it's a very expensive mistake that's easy to avoid). Better to defer and get an enhanced SP when you do collect it.
Don't forget that while you continue to work you can also continue to pay into your work pension and so continue to grow that as well.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe and Old Style Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung1 -
Or you can claim it when it is due and keep working anyway. They don't care.No you won't pay NI once you're past SP age, whether you work or not. (unless perhaps you make voluntary payments to bring your state pension up to the max if you're not already there)1
-
la531983 said:You can either a) claim your state pension up to 11 months after your retirement date and get it backdated in a lump sum (no interest on this), or b) defer your state pension in 9 week blocks for as long as you like and you get an extra percentage point on your state pension for every 9 weeks you defer it by.
https://www.gov.uk/deferring-state-pension/what-you-get
Or C) you can claim straight away on your birthday and continue working still.
Either way you need to start the ball rolling a few weeks before you want to start claiming it. And if you choose option C your wages will be taxed if you earn above the annual personal allowance.1 -
I have read that deferring your state pension means that you will gain 6%, but with inflation running higher than 6% you could be losing money.If you do want to carry on working and claim your state pension, you could put the majority of your pay from work into a self-invested personal pension(SIPP). If you do that, you will receive pension tax relief. For example, if you add £8,000 to your pension, the government will add an extra £2,000 in tax relief.
1 -
Outeast1000 said:I work as a cleaner - caretaker and i am due to retire next March 2024 and claim my state pension . My employer has told me that i can keep on working with them after my retirement date if i want to that is of course if i am up to the job and can still do my job
My question is if i do keep on working after my retirement date and let us say in July or August i do not want to work anymore or am not able to work anymore can i then claim my state pension straight away ?
And on another note do i still have to pay NI contributions if i continue to work after retirement age ?
There is an age when you can claim your state pension, but this is unrelated to whether you have retired from working or not.
For example if you were lucky and had enough money you could retire at say 60, but you would not get your state pension until 66.1 -
sevenhills said:I have read that deferring your state pension means that you will gain 6%, but with inflation running higher than 6% you could be losing money.If you do want to carry on working and claim your state pension, you could put the majority of your pay from work into a self-invested personal pension(SIPP). If you do that, you will receive pension tax relief. For example, if you add £8,000 to your pension, the government will add an extra £2,000 in tax relief.3
-
la531983 said:sevenhills said:I have read that deferring your state pension means that you will gain 6%, but with inflation running higher than 6% you could be losing money.If you do want to carry on working and claim your state pension, you could put the majority of your pay from work into a self-invested personal pension(SIPP). If you do that, you will receive pension tax relief. For example, if you add £8,000 to your pension, the government will add an extra £2,000 in tax relief.
This states the same, 5.8% per year.1 -
I work as a cleaner - caretaker and i am due to retire next March 2024 and claim my state pension . My employer has told me that i can keep on working with them after my retirement date if i want to that is of course if i am up to the job and can still do my job
You should receive an invitation to claim your SP several weeks in advance of your SP age but you could choose not to do so until it suits your circumstances.
https://www.gov.uk/get-state-pension
You do not pay NI after you have reached SPA.
Will you be receiving a workplace pension from your emplyer's scheme?
1 -
la531983 said:You can either a) claim your state pension up to 11 months after your retirement date and get it backdated in a lump sum (no interest on this), or b) defer your state pension in 9 week blocks for as long as you like and you get an extra percentage point on your state pension for every 9 weeks you defer it by.
https://www.gov.uk/deferring-state-pension/what-you-get
Or C) you can claim straight away on your birthday and continue working still.
Either way you need to start the ball rolling a few weeks before you want to start claiming it. And if you choose option C your wages will be taxed if you earn above the annual personal allowance.la531983 said:sevenhills said:I have read that deferring your state pension means that you will gain 6%, but with inflation running higher than 6% you could be losing money.If you do want to carry on working and claim your state pension, you could put the majority of your pay from work into a self-invested personal pension(SIPP). If you do that, you will receive pension tax relief. For example, if you add £8,000 to your pension, the government will add an extra £2,000 in tax relief.sevenhills said:la531983 said:sevenhills said:I have read that deferring your state pension means that you will gain 6%, but with inflation running higher than 6% you could be losing money.If you do want to carry on working and claim your state pension, you could put the majority of your pay from work into a self-invested personal pension(SIPP). If you do that, you will receive pension tax relief. For example, if you add £8,000 to your pension, the government will add an extra £2,000 in tax relief.
This states the same, 5.8% per year.
Just to clarify on deferring state pension ...
You must defer for at least 9 weeks but there is no concept of 9-week chunks, so you can defer to a whole number of weeks following 9 weeks after the state pension eligibility date.
The rate is 1% uplift per 9 weeks and is calculated at the time of the award, so if the pensioner deferred for 10 weeks they would get an uplift of 1 1/9 x 0.01 of the state pension. Whilst deferment is in progress any increase in the state pension also increases the reference rate for the extra pension calculation, so there is no losing out caused by inflation.
Once state pension and extra state pension (deferred pension) is awarded, under current rules state pension increases by the triple lock and extra state pension by CPI.3
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.3K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.4K Spending & Discounts
- 240.9K Work, Benefits & Business
- 617.3K Mortgages, Homes & Bills
- 175.7K Life & Family
- 254.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards